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Sergio
Born in Maputo city, in the province of the same name, in southern Mozambique, he is married with two children, ages 6 months and 2 years old. He stopped attending school himself in the 10th grade when he joined the military, and was assigned to service in Cabo Delgado. He lives in a rental home with his family and also supports his brother who lives with him.

He left Cabo Delgado for Maputo in search of better living conditions for himself. He is an enlisted member of the ministry of national defense for over 7 years now. He has a monthly salary of 6.815.59mt, which he applies to household expenses and also manages to save some in his bank BIM account [Banco Internacional de Mocambique].

He has never borrowed from other banks. He became familiar with the Hluvuku agency through friends who are also loan recipients of this institution. This is his first loan in the amount of 15.000.00mt with which he will buy construction materials (corrugated iron, cement, iron, sand etc.) to build his home.

He is confident that he will repay the loan as scheduled. His dream is to finish constructing his in order to leave the rental house and start a business, for such, he hopes to request additional loans from the Hluvuku agency.
View original language description ↓
Nasceu na cidade de Maputo, Provincia do mesmo nome, sul de Mocambique é casado e pai de 2 filhos,de 6 meses e 2 anos de idade. Fez 10a classe e parou quando foi incorporado ao serviço militar obrigatorio,onde foi levado ate Cabo delgado. vive numa casa de aluguer com a sua familia e sustenta o seu cunhado que vive com ele.
Saiu de cabo delgado para Maputo a procura de melhores condiçoes de vida, é funcionario permanente no ministerio da defesa nacional ha mais de 7 anos onde tem um salario de 6.815.59mt por mês que aplica nas despesas de casa e poupa algum na sua conta bancaria (BIM).
Nunca fez emprestimos noutros bancos, Conheceu Hluvuku atravez de amigos que tambem são clientes desta instituiçao e este é o seu primeiro emprestimo no valor de 15.000.00mt, com qual pretende comprar material de construção (chapas de zinco, cimento, ferro, areia e outros) para construir a sua residencia.
Esta confiante que vai pagar de acordo com o calendario e o seu sonho é concluir a sua obra para sair da casa de aluguer e iniciar um negocio, para tal tenciona solicitar mais emprestimos a Hluvuku.

Additional Information

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mozambique

  • $1,389
    Average annual income
  • 27
    View loans »
    Mozambique Loans Fundraising
  • $2,470,050
    Funds lent in using Kiva
  • 28.8
    Mozambique Meticais (MZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Sergio to buy construction materials (corrugated iron, cement, iron, sand etc. ) to build his home.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2011
Listed
Jun 29, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013